Payments

Social Security numbers, business addresses and other sensitive information were exposed. The company has fixed the error and refunded the victims.

Critics say more regs for BNPL are overkill, but proponents hope the state rule will be a framework for other states.

After a federal judge allowed a new state law to ban interchange fees on taxes and tips, a coalition of banks and credit unions struck back.

Banc of California appoints Chris Healy its new executive director and head of payments; Lia Fordjour is named chief financial officer of the American Bankers Association; Airwallex is the latest fintech to lean on sports sponsorships; and more in this week's banking news roundup.

Shares of the neobank plummeted nearly 30% Thursday despite posting revenue over $1 billion as investors balked at up-front loan provision expenses that come with the expansion of Klarna's longer-term installment loans.

The stablecoin arm of Stripe recently announced its conditional trust charter approval from the OCC and a partnership with business payments fintech Payoneer.

Investors were encouraged by Global Payments' fourth-quarter earnings results – the first post WorldPay acquisition – but some analysts remained skeptical that the legacy fintech could turn its business around.

Tokenized money market funds are becoming more money-like — but, unlike the payment stablecoins that share the same backing, they are securities. Noelle Acheson looks at what this means for our understanding of money.

The Olympics are boosting spending in Italy, large-in-part thanks to Americans. In the U.K., Barclays is reportedly leading a meeting to seek support for an existing project. The meeting comes against the backdrop of geopolitical concerns and the dominance of American-based payment firms.

The Federal Reserve is moving quickly to implement its proposed "skinny" master account, giving state-chartered fintechs more access to the central bank's payment systems. But experts say a legal challenge to the rule is almost certain, regardless of where the Fed draws the line.

Adyen is powering payments on Uber's new ride-hailing kiosk at La Guardia airport in New York. For the fintech, it's an opportunity to advance payment personalization.

The card network is enabling organizations to monitor risk systems and receive grades and plans of action for improvement.

Research from American Banker finds that executives are under pressure from nonbank firms and are concerned about identity theft in 2026.

Affordability concerns are driving consumer demand for short-term liquidity products like earned wage access. A similar, credit union-backed lending alternative is gaining popularity as a way to amass new customers and, for banks, CRA credit.

The ACH Network reached new highs in 2025 as both traditional and same-day ACH usage grew at healthy clips. The trend could negatively impact deposits and cards.

PayPay is the latest international fintech to signal entry into the U.S. fintech investor market with an IPO that has been planned by SoftBank for years.

After losing nearly $700 million in the fourth quarter as bitcoin's valuation tanked, Brian Armstrong stressed product diversification will help the company navigate the downturn.

When even a savvy expert in payments systems can't efficiently manage the transfer of funds to relatives in a crisis zone, it demonstrates that the system is failing us. We can and must do better.

Sens. Ted Cruz, R-Texas, and Katie Britt, R-Ala., offered a new bill that would index the Durbin Amendment's debit fee threshold to inflation. The bill joins a number of community bank-centered bills offered or moving through Congress

Minal Gupta has implemented new financial technology for years as an executive, and is taking the helm of her credit union as the entire industry ponders how to use real-time payments and new forms of AI.